ADVFN - Advanced Financial Network.
HOME» NYSE » P » PG Stock Price » PG Stock News

Procter Gamble Share News

 Procter & Gamble Co. Stock Price
PG Stock Price
 Procter & Gamble Co. Stock Chart
PG Stock Chart
 Procter & Gamble Co. Stock News
PG Stock News
 Procter & Gamble Co. Company Information
PG Company Information
 Procter & Gamble Co. Stock Trades
PG Stock Trades

Procter & Gamble Lowers Guidance, Keeps Savings Targets

By Geraldine Amiel PARIS--Procter & Gamble Co (PG) Wednesday lowered its earnings guidance for the current quarter as well as for fiscal year 2013, citing market share softness in developed markets and a negative impact from foreign exchange rates. Chairman and Chief Executive Bob McDonald also gave details on his program to refocus the group on more profitable businesses, reiterating the substantial cost-saving program. P&G expects its core earnings per share for the April-to-June quarter to be in the range of $0.75 to $0.79 from a previously expected range of $0.79 to $0.85 while organic sales growth is now expected to be 2% to 3%, compared with a previous expectation of a growth of 4% to 5%. Net sales for the quarter are expected to be down 1% to 2% as foreign exchange is expected to reduce them by 4%, Mr. McDonald said. The lowered guidance comes as the world's largest consumer products company reported in April a string of weak results, fueling investors' worries as well as expectations of a substantial overhauling of the group's operations and practices to recoup the ground lost to competitors such as Unilever PLC (UL) and Colgate-Palmolive Co. (CL) "We must and we will improve," Mr. McDonald said during a consumer conference in Paris. "We need to be more efficient and more productive," he added, while reiterating the group's cost-saving plan, noting it had made "good progress." P&G targets cost savings of $10 billion by 2016, with around 5,700 non-manufacturing job cuts by the end of the 2013 fiscal year. -Emily Glazer contributed to this story. Write to Geraldine Amiel at geraldine.amiel@dowjones.com

Stock News for Procter Gamble (PG)
DateTimeHeadline
12/08/201609:00:00Aussie Announces Celebrity Hairstylist Laura Polko as Brand Ambassador...
12/07/201610:15:00Pantene and Ronda Rousey Tell the World: Don’t Hate Me Because I...
12/07/201610:15:00MESSAGE DE PANTENE ET DE RONDA ROUSEY : FORTE ET FIÈRE DE L’ÊTRE
11/30/201618:31:00Maryland Stands Down in 400-Year-Old Fight With West Virginia...
11/23/201605:59:00P&G Caught in a 400-Year-Old Feud Over Potomac River Rights
11/22/201609:00:00Choose the Perfect Gift This Holiday Season with Braun
11/21/201610:00:00Pampers Swaddlers Thank You Nurses Awards Invites Families to...
11/17/201616:01:00Photos of Pampers Touches of Love Event at the Children's Museum...
11/15/201613:00:00PEOPLE’S CHOICE AWARDS 2017 Announces Nominees and Opens Voting f...
11/14/201611:40:00The Art of Shaving Launches New Fragrance Collection
11/11/201603:02:00Harry's Cuts Into Gillette's Razor Turf -- WSJ
11/10/201608:00:00Febreze Revives “The #12Stinks of Christmas” with Doug E. Fre...
11/10/201607:30:00Procter & Gamble’s Pantene Brand Chooses Provision 3D Savings C...
11/10/201603:03:00Trump Victory Shakes Businesses -- WSJ
11/09/201621:40:00Companies Weigh Impact of Donald Trump Win -- 4th Update
11/09/201620:36:00Companies Weigh Impact of Donald Trump Win -- 4th Update
11/09/201618:00:00Companies Weigh Impact of Donald Trump Win -- 3rd Update
11/09/201616:46:00Companies Weigh Impact of Donald Trump Win -- 2nd Update
11/09/201615:10:00Coty Cites 'Massive Distraction' of Integration for Sales Decline
11/09/201614:47:00Coty Cites 'Massive Distraction' of Integration for Sales Decline

Procter Gamble and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2016 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US